Budget & Taxes (Income Tax)

in committee · South Carolina · House Jan 14, 2025

H 3540: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3690 SO AS TO ALLOW AN INCOME TAX CREDIT TO A TAXPAYER THAT OPERATES A SCHOOL TO WORK PROGRAM WHICH LINKS STUDENTS AND SCHOOLS WITH THE WORKPLACE, TO PROVIDE REQUIREMENTS FOR THE PROGRAM, AND TO SPECIFY THE AMOUNT OF THE CREDIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for school-to-work programs, reducing tax liability for eligible taxpayers, aligning with tax relief indicators.95% confidence ✓ EducationSupports EducationTax credit provides financial incentive for schools to develop workplace-linked student programs, directly funding educational initiatives and expanding student opportunities.85% confidence

Sub-Topics Income Tax Tax Credits

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passed · South Carolina · Senate Apr 2, 2026

S 682: Timber

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO ALLOW AN INCOME TAX CREDIT FOR A TIMBER CASUALTY LOSS IN A FEDERALLY DECLARED DISASTER AREA RESULTING FROM HURRICANE HELENE; AND BY AMENDING SECTION 12-6-1140, RELATING TO DEDUCTIONS FROM INDIVIDUAL TAXABLE INCOME, SO AS TO ALLOW A DEDUCTION FOR PAYMENTS RECEIVED FROM CERTAIN DISASTER RELIEF AGENCIES RESULTING FROM HURRICANE HELENE.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via income tax credit/deduction for disaster victims, reducing taxable income and advancing fiscal relief in disaster areas.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Feb 25, 2025

H 4089: Boosting Opportunities for Small Startups Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "BOOSTING OPPORTUNITIES FOR SMALL STARTUPS (BOSS) ACT" BY ADDING SECTION 12-6-532 SO AS TO PROVIDE FOR CERTAIN EXEMPTIONS FROM THE CORPORATE INCOME TAX FOR CERTAIN SMALL BUSINESSES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides corporate income tax exemptions for small businesses, offering tax relief as fiscal support within budget/tax policy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · South Carolina · House Apr 9, 2025

H 3943: Disabled Veterans Income Tax Credit

This bill creates a South Carolina income tax credit for disabled veterans. It allows veterans with a U.S. Department of Veterans Affairs disability rating to reduce their state income tax liability by a percentage equal to their disability rating (e.g., a 50% rating would reduce tax by 50% of their tax bill), capped at $5,000 annually. Veterans must provide documentation to claim the credit, which is nonrefundable (it reduces tax owed but doesn’t create a refund). The credit applies to tax years beginning after 2024 and directly affects South Carolina veterans with VA disability ratings.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing liability for disabled veterans, aligning with tax relief for lower-income groups under Budget & Taxes policy95% confidence ✓ VeteransSupports VeteransCreates tax credit reducing disability veterans' state tax burden, directly expanding financial benefits for this group.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 14, 2025

H 3466: Income tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA COMMUNITY JOBS ACT" BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE AN INCOME TAX CREDIT FOR AN ELIGIBLE EMPLOYER THAT HIRES CERTAIN EMPLOYEES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides employer tax credit, reducing tax liability and incentivizing hiring under a job creation act.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Jan 14, 2025

H 3417: Income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-1172 SO AS TO EXEMPT THE RETIREMENT INCOME OF TEACHERS; AND BY AMENDING SECTION 12-6-1170, RELATING TO RETIREMENT INCOME DEDUCTION, SO AS TO MAKE CONFORMING CHANGES.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts teachers' retirement income from tax, providing tax relief for public school educators, aligning with tax relief indicators for middle-income groups.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Jan 28, 2025

H 3811: Education tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR CERTAIN TAXPAYERS WHO HAVE A CHILD WHO ATTENDS A QUALIFYING PRIVATE SCHOOL, PAROCHIAL SCHOOL, OR HOME SCHOOL.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit for private/home school families, reducing tax burden and aligning with tax relief indicators under Budget & Taxes.90% confidence ✓ EducationSupports EducationProvides tax credit for private/parochial/home schooling, expanding educational access options for families within K-12 education framework.95% confidence

Sub-Topics Income Tax Tax Credits School Choice

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in committee · South Carolina · House Feb 5, 2025

H 3465: Food desert tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A GROCER WHO OPENS A NEW LOCATION IN A FOOD DESERT; AND BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO PROVIDE A SALES TAX EXEMPTION FOR CERTAIN PURCHASES MADE BY A GROCER WHO OPERATES A NEW STORE LOCATED IN A FOOD DESERT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit and sales tax exemption for grocers in food deserts, reducing business tax burden to incentivize investment in underserved areas.95% confidence

Sub-Topics Income Tax Sales Tax Tax Credits

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passed · South Carolina · House Mar 31, 2026

H 3368: Income tax on overtime pay

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO MODIFICATIONS TO GROSS INCOME FOR INDIVIDUAL INCOME TAX PURPOSES, SO AS TO EXCLUDE OVERTIME PAY AND CERTAIN BONUS PAY FROM GROSS INCOME.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes overtime pay from taxable income, providing tax relief to workers and reducing individual tax burden per tax code amendment.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExcludes overtime pay from taxable income, increasing workers' net earnings without reducing wages or benefits.95% confidence

Sub-Topics Income Tax Labor Standards

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in committee · South Carolina · House Jan 15, 2025

H 3741: Active duty military income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO DEDUCT TAXABLE INCOME RECEIVED AS THE RESULT OF EMPLOYMENT AS AN ACTIVE-DUTY SERVICE MEMBER OF THE UNITED STATES ARMED FORCES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for active-duty military income, reducing taxable income for middle-income earners and aligning with tax relief indicators.90% confidence

Sub-Topics Income Tax

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